CANADA.- Dorel Industries sales were down 3% in 2016, reaching USD 2.6 billion and sales of Dorel Home, the company’s furniture segment and the second largest furniture manufacturer in Canada, were up 1.8% to a record USD 177 million in the 4Q-2016.
Consolidates sales for the year 2016 were up 7.2% to USD 735.2 million in the furniture segment (Dorel Home).
The furniture segment (Dorel Home) posted quarter and yearly records to online retailers representing 51% (quarter) and 45% (year) of total sales of the segment in 2016 compared to 44% and 37% in 2015.
"Dorel Home had an exceptional 2016 and we remain bullish on their prospects. The on-going shift from traditional mass market brick and mortar sales to e-commerce has allowed this segment to improve its earnings significantly over the past two years. Given the continual growth of the e-commerce channel, we expect a further increase in earnings, but at a slower pace,” stated Martin Schwartz, Dorel president and CEO.
Canada Main Furniture Manufacturers Sales
Million USD
Source: FDMC 300
